Mainstream media in the United States suffer from a considerable reduction in subscriber numbers just like their Korean counterparts. The phenomenon can largely be attributed to remarkable changes in the media environment. But...
Finance Minister Hong Nam-ki said Thursday the government will include spending at as many businesses as possible when calculating its planned card cash-back program, which is due to kick off in October.
A customer shops at a 7-Eleven in Seoul on Tuesday. Thanks to the government's emergency relief grant, sales of meat and fruit have increased.
Korean households are about to get free money from the government in the form of 250,000 won ($214) emergency relief grants -- and retailers are hoping to pull a lot of it into their cash registers.
Applications for the government's emergency relief grants can be filed from Sept. 6 to Oct. 29, and most residents of Korea are eligible, including a few foreigners.
A sign posted at a convenience store in Seoul on Sunday notifies customers that it is accepting emergency relief grant payments until the end of this year. The government's 250,000 won ($210) emergency relief grant application starts Monday.
Finance Minister Hong Nam-ki said Thursday the government plans to provide another round of emergency relief funds to people hit hard by the pandemic before next month's fall harvest Chuseok holiday.
The government started accepting applications from small businesses like restaurants and bars for pandemic subsidies of up to 20 million won ($17,000) -- and payments went out almost immediately.
Almost all Koreans are getting 250,000 won from the government. But they won't be allowed to spend any of it on luxury goods, in big supermarkets or at foreign retailers like IKEA -- or even for a Starbucks Frappuccino .
According to Statistics Korea on Monday, service industries grew 5.7 percent in the second quarter, including wholesale businesses, retail, finance and the logistics and storage industry.